List of European countries by GDP

Germany is the largest economy in Europe, followed by the United Kingdom, France, Italy, and Russia. Together, these five economies account for 57.93% of Europe’s total GDP, while the top ten economies represent more than 78% of the continent’s economic output. San Marino has the smallest economy in Europe.

As of 2026, nine European economies have a GDP exceeding $1 trillion, while 29 economies have GDP above $100 billion. Five European economies rank among the world’s ten largest economies, and 19 are among the top 50 economies globally.

The nominal GDP of all 43 European economies is projected to increase in 2026 compared with 2025. Germany will record the largest increase at $405 billion, followed by the United Kingdom ($262 billion) and France ($227 billion). Italy and Ireland are projected to move ahead of Russia and Belgium, respectively.

In PPP data, the five largest economies of Europe are Russia, Germany, France, the United Kingdom, and Italy. Eight economies would have a GDP above Int. $1 trillion in 2026, and 30 would have an economy above Int. $100 billion. Four European economies are in the top ten list, and seventeen economies are within the top 50 world GDP rankings.

None of the European economies are projected to see a decline in PPP GDP in 2026 compared with 2025. Russia (Int. $289 billion) and Germany (Int. $227 billion) will record the largest increases. Ukraine is projected to move ahead of Austria in the rankings.

39 European economies have a higher GDP on a PPP basis than on a nominal basis, while four have a higher nominal GDP. Ukraine has the highest PPP-to-nominal GDP ratio at 3.215, whereas Iceland has the lowest at 0.752.